FWRG - First Watch Restaurant slides 8% afterhours on secondary stock offering
- First Watch Restaurant ( NASDAQ: FWRG ) stock slid 8.2% postmarket on Monday after the firm said certain shareholders intend to offer 4.5M shares in an underwritten secondary public offering .
- The selling shareholders will grant underwriters a 30-day option to buy up to an additional 675K shares at the public offering price.
- The selling stockholders will receive all proceeds from the offering.
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First Watch Restaurant slides 8% afterhours on secondary stock offering